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The Association of Bermuda Insurers & Reinsurers (ABIR) has appointed Albert Benchimol, president and CEO of AXIS Capital, as its chair for 2019-20. 8 January 2019

News

Maiden Re loses AmTrust quota share deal to Swiss Re America

Bermuda re/insurer Maiden Re has terminated its existing quota share agreement with AmTrust covering small commercial business in favour of a new deal with Swiss Reinsurance America. 3 January 2019

News

BMA cybersecurity report highlights concerns

The Bermuda Monetary Authority has issued a new report looking at the state of cybersecurity in the market at the moment. 21 December 2018

News

Hamilton Re opens door for 2019 interns

Hamilton Re is inviting applications from students entering their junior year of college who are interested in participating in Hamilton Re’s intern programme during the summer of 2019. 21 December 2018

News

Markel ratings affirmed by AM Best

AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” of Markel Corporation and all of its Long-Term Issue Credit Ratings (Long-Term IRs) and indicative Long-Term IRs (see below for a detailed list of Long-Term IRs and indicative Long-Term IRs). 21 December 2018

News

Storms, fires, and a whirlwind of M&A

It’s been a busy year for the reinsurance industry on Bermuda. Bermuda:Re+ILS surveyed readers to find out what caught people’s attention the most over the course of the year. 20 December 2018

News

Eyes on the horizon as 2019 looms ahead

After a tough couple of years what might lie ahead for the reinsurance market in 2019? Bermuda:Re+ILS reveals the results of its latest reader survey. 20 December 2018

ILS

KBW: reinsurance pricing expected to harden in 2019

According to analysts at Keefe, Bruyette & Woods (KBW) market participants are expecting steadily rising reinsurance pricing over the course of 2019. 20 December 2018

News

AM Best assigns rating for Vermeer Re

Vermeer Reinsurance, the recently launched property catastrophe reinsurer created by RenaissanceRe and Dutch pension fund manager PGGM, has had a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” assigned to it by AM Best. 20 December 2018

News

AXIS issues California wildfire damage estimate

AXIS Capital Holdings has estimated that its pre-tax loss from California wildfires could be between $125 million and $150 million. 20 December 2018

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